Abstract:Rather than deconstruct sovereign wealth funds' (SWFs') significance for global capital markets, this paper asks the following question: why do SWFs exist at all? It consequently examines the politics behind SWFs' domestic origins, and the socioeconomic implications they pose for the constituents to whom they are ultimately accountable. It begins its analysis with the argument that SWFs are first and foremost domestic strategies of governance created to achieve specific short- and medium-term goals of the admi… Show more
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